Funds Industry Report - Flipbook - Page 10
John Bohan Apex Group
John Bohan
Apex Group
Co-Founder and Country
Head Business Development
Apex is a global nancial services organisation
that retains a focus on high client service
levels delivered locally. Originally established
in Bermuda in 2003 by Founder and CEO,
Peter Hughes, Apex now has over 3,000 staff
based in 26 jurisdictions globally and administers circa $650bn in assets. Apex provides a full
suite of products surrounding its core fund
accounting services, from regulatory solutions
to middle ofce services, covering the full
value chain for its clients.
Over 20 years ago I began my career in the
books with a signicant percentage of
funds industry and whilst world markets have
sub-scale
shifted and investor risk tolerances changed,
creates
the fundamentals remain the same. Develop-
through the development of multiple prac-
ing the largest service provider and develop-
tices to address unique issues.
or
non-protable
inefcient
service
managers
environments
ing the most successful service provider are
not one and the same, they are two very
The industry increasingly has moved towards
different things. A successful model culti-
passive investment strategies which could be
vates an environment of highly engaged
seen as lending themselves well to a straight-
employees and a strong pedigree of clients
through-processing model and a ght for
with sophisticated strategies. Fund manag-
greater scale on this lower-margin business.
ers that understand how to build a successful
The fund administration model is relatively
investment management company, robust
well established albeit with each service
enough to withstand economic headwinds
provider adapting slightly to nd their own
and adapt to changing market demands, are
unique
the ones who nd that success. The last ve
include:
angle
or
approach,
techniques
years have seen the evolution of a highly
Offering best-in-breed technology in
competitive post-recession environment for
private equity (“PE”) PE or for alternative
fund administration and depositary service
funds
providers, an environment that has been
Utilising lower cost centres for service,
partly driven by the incredible growth of the
allowing
Supermanco industry
follow-the-sun-approach
History
shows
that
accumulating
client
margin
Delivering
a
gain
global
and
a
one-stop-shop
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